NEWS UPDATE
NEWS UPDATE
Running a small business can be incredibly rewarding, but managing tax obligations isn’t always straightforward. Between serving customers, managing staff, paying bills and growing your business, keeping up with tax requirements can easily slip down the priority list. The good news? A little planning, good…
Funding for renewable energy projects, electric vehicle subsidies and social housing will be slashed under a future coalition government to pay for income tax cuts. The proposed savings would add $31 billion to the federal budget bottom line, more than paying for the proposal to…
Small businesses will have to pay thousands of dollars in order to comply with upcoming tax changes, the assistant treasurer has conceded. Laws were introduced to parliament on Wednesday introducing a 30 per cent minimum tax on trusts, after it was flagged in the May…
The GST should be raised and expanded to include more products in an attempt to pay down Australia’s ballooning national debt, a respected think tank has urged. The Grattan Institute has called for the federal government to lift the GST rate from 10 per cent…
Tax scams are becoming increasingly sophisticated, and even financially savvy Australians can be caught off guard. Knowing what to look for, taking a few simple precautions and maintaining a close relationship with your accountant could make all the difference. Tax time is always a good…
Businesses will get a chance to air their grievances over Labor’s proposed tax on discretionary trusts, which they warn could set them back billions of dollars in restructuring costs. In a bid to placate the business community by offering a workaround for small firms to…
For many business owners, a Business Activity Statement is viewed as a compliance obligation — something that needs to be completed, lodged and paid before the deadline. But your BAS can tell you far more than simply how much tax may be payable. Behind the…
For many business owners, Business Activity Statements can feel like just another administrative task competing for attention. But BAS mistakes can create unnecessary stress, disrupt cash flow and make it harder to understand the true financial position of your business. The good news is that…
Running a business comes with plenty of competing priorities. Customers, staff, suppliers, cash flow and growth can quickly take centre stage, while administration gets pushed further down the list. But one obligation that deserves consistent attention is your Business Activity Statement (BAS). For many Australian…
Tax is one of those things that can quietly sit in the background for most of the year — until suddenly it is time to lodge a return, prepare financial statements or deal with an unexpected tax bill. Whether you are an employee, investor, property…
Changes to property tax breaks in the federal budget are working, the housing minister says, as data shows most home vendors are still making massive profits despite a downturn. Clare O’Neil brushed off figures from the Housing Industry Association showing a 10 per cent fall…
Superannuation can be easy to overlook. For many Australians, it simply appears as another line on a payslip — money being set aside for a future that may still feel a long way away. But over time, superannuation has the potential to become one of…
For many people, an accountant is someone they speak to once a year, hand over a collection of documents to, and hopefully receive a tax refund from shortly afterwards. But good accounting advice can offer much more than completing an annual tax return. Whether you…
Eligible small businesses can continue to claim an immediate deduction for assets costing less than $20,000. From 1 July 2026, the $20,000 instant asset write-off is permanent, giving eligible small businesses greater certainty when investing in assets. If your business has an aggregated annual turnover…
Starting a business is exciting, but the legal decisions made at the beginning can have long-term consequences. From choosing the right structure to employing staff, signing contracts and protecting your brand, there is much more involved than simply registering a name and opening the doors….
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Financial Services Guide Part 1
Joel Plowman’s Financial Services Guide Part 2
Leigh Jenkins Financial Services Guide Part 2
Rod Harper Financial Services Guide Part 2
Mark Trajkovski Financial Services Guide Part 2